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CLP expands renewable energy portfolio in India
A Business Correspondent
Monday, August 30, 2010, 15:59 Hrs  [IST]

Untitled25.jpgCLP India, the largest foreign private power player in India, announced that it would develop a 39.6-mw wind farm at Harapanahalli in Davanagere district Karnataka. The company has entered into an agreement Vestas Wind Technology India Pvt. Ltd, the major wind turbine manufacturer, to develop this greenfield project on a turnkey basis.

Construction of the new wind project has commenced and will be completed in the first quarter of 2011. This wind farm will use 24 Vestas V82 1.65- mw turbines and is expected to qualify as a CDM project under the Kyoto Protocol, which will contribute significantly to the financial viability of the project.

Untitled26.jpgWith this project, CLP's wind portfolio has increased to 485.6 mw-making it the largest wind energy developer in India. CLP has already committed 82.4 mw of wind investments in Karnataka, which are under construction. The addition of 39.6 mw will enhance CLP's presence in Karnataka to 122 mw.

"The Harapanahalli project reflects our commitment to sustaining CLP's position as a leading developer of renewable energy in India. Given the increasing demand and having successfully operationalised 302 mw of the committed 485.6 mw across five wind farms in India, we aim to add around 200 mw of wind power installations every year to our portfolio," Rajiv Mishra, Managing Director, CLP India, said. "We have already committed an investment of over rs1.jpg9,700 crore in Indian power projects and with our intention to broaden our involvement in the Indian wind sector, we expect our portfolio to grow steadily."
 
                 
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